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Subject matter
This Regulation establishes the Ukraine Loan Cooperation Mechanism (the ‘Mechanism’) and makes available to Ukraine exceptional macro-financial assistance in the form of a loan (the ‘MFA Loan’) with a view to supporting Ukraine in covering its financing needs.
Definitions
For the purposes of this Regulation, the following definitions apply: (1) ‘Union support’ means the MFA Loan and non-repayable financial support available under the Mechanism; (2) ‘bilateral loan’ means a loan given directly or indirectly by a third country as a bilateral lender to the benefit of Ukraine; (3) ‘eligible bilateral loan’ means a bilateral loan approved as eligible under the Mechanism by the Commission; (4) ‘MFA Loan’ means the exceptional financial support made available by the Union to Ukraine in the form of a loan under Chapter III; (5) ‘MFA Loan Agreement’ means the loan agreement signed by the Commission, on behalf of the Union, and Ukraine under Chapter III; (6) ‘other related costs’ means any costs or fees due under the MFA Loan and the respective bilateral loan.
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